ROSA, RAYMOND DA SILVA; SAVERIMUTTU, NIRMAL; WALTER, TERRY - In: International Review of Finance 5 (2005) 3-4, pp. 113-147
The financial economics literature typically distinguishes between two classes of investors, namely 'informed' and 'uninformed' traders. Informed traders are those who possess some fundamental information about the true value of an asset, which is not readily available to other traders....